Centrica PLC (OTCMKTS:CPYYY) Short Interest Up 468.5% in August

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 44,420 shares, a growth of 468.5% from the August 15th total of 7,814 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 187,170 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CPYYY shares. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research report on Thursday, July 30th. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Centrica has a consensus rating of “Buy”.

Centrica Price Performance

Shares of OTCMKTS:CPYYY traded down $0.07 during trading on Friday, reaching $8.31. 247,302 shares of the stock were exchanged, compared to its average volume of 143,411. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.43 and a quick ratio of 1.37. Centrica has a 1-year low of $8.07 and a 1-year high of $12.15. The stock has a fifty day moving average of $8.68 and a two-hundred day moving average of $10.04.

About Centrica

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.